Finances are an extremely personal choice in the way we choose to handle them, depending on the lifestyle we are seeking. Not everyone makes wise financial management decisions, but everybody does use different techniques or formulas when handling their personal money.
Some use frugality and reducing spending, some use increasing income and some use a combo of the two.
My plans for 2012 will include using a combination of
Green Living/ Low or No impact style of living.
Prepping ( there is something to be said about being prepared for when disaster strikes....disaster can come in many forms, including job loss!)
Self-Reliance - build it, grow it, find a new way, fix it , the more you can do yourself the less you need from consumerism)
Developing new skills
Increasing Income through developing passive income streams, business, investing and such
Spending Less than Earned
Leverage
Preventative/Holistic Healthy living- eating right, exercising, taking care of self physically, mentally and spiritually
I feel if I use this combination of different flavors and lifestyles that it will allow us to live a sound financial managed life, giving us the tools to lead the life we want in accordance to our values. It will help us while living on little , build a better future, with a solid foundation that would be hard to shake further down the road. If we would of had this system in place earlier in our life, we would not have had our bridge collapse totally on us and things would of been a whole lot easier.
Lessons learned, the hard way perhaps but learned none the less.
By incorporating these techniques now though, I know we are coming ever closer to where we want to be and free from worries.
Some use frugality and reducing spending, some use increasing income and some use a combo of the two.
My plans for 2012 will include using a combination of
Green Living/ Low or No impact style of living.
Prepping ( there is something to be said about being prepared for when disaster strikes....disaster can come in many forms, including job loss!)
Self-Reliance - build it, grow it, find a new way, fix it , the more you can do yourself the less you need from consumerism)
Developing new skills
Increasing Income through developing passive income streams, business, investing and such
Spending Less than Earned
Leverage
Preventative/Holistic Healthy living- eating right, exercising, taking care of self physically, mentally and spiritually
I feel if I use this combination of different flavors and lifestyles that it will allow us to live a sound financial managed life, giving us the tools to lead the life we want in accordance to our values. It will help us while living on little , build a better future, with a solid foundation that would be hard to shake further down the road. If we would of had this system in place earlier in our life, we would not have had our bridge collapse totally on us and things would of been a whole lot easier.
Lessons learned, the hard way perhaps but learned none the less.
By incorporating these techniques now though, I know we are coming ever closer to where we want to be and free from worries.
I just stumbled onto your site and I wanted to tell you that I LOVE the name of your blog. I couldn't have said it better myself. It's what my financial journey is all about...moving from poor to rich one step (or day) at a time. Love, love, love it.
ReplyDeleteThanks for stopping by Loren! Glad to hear you love my blog name.
DeleteIt is a pleasure meeting someone with a similar journey, a hard one but a fun one!
We too feel better being prepared for whatever life throws at us, it is a lot of hard work but can be loads of fun along the way learning new things!!
ReplyDeleteYes it certainly can be fun learning new things along the way!
DeleteI think it takes a combination of different skills as you have outlined above to start down the path. Increasing income and minimizing expenses allows some cash to invest. Using time wisely instead of wasting it on television and mindless activities can be used for building your online portfolio of content. Keep working and you will be surprised how far you have come in a year.
ReplyDelete